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Series C lands $100mm for Innovent Biologics

Executive Summary

Chinese biopharma Innovent Biologics Inc. raised $100mm in its Series C financing led by Legend Capital, which was joined by other first-time backers Temasek and two undisclosed investors, and returning shareholders Fidelity Biosciences, Fidelity Growth Partners Asia, Lilly Asia Ventures, and Frontline Bioventures. Proceeds will help fund its antibody pipeline, consisting of one candidate with an approved IND and four which have been filed for approval. Therapy areas for Innovent’s compounds include cancer, autoimmune disease, and diabetes.
Deal Industry
  • Pharmaceuticals
  • Services
  • Biotechnology
    • Synthesis Technologies, Production Processes
    • Large Molecule
      • Antibodies
Deal Status
  • Final
Deal Type
  • Financing
    • Venture Financing

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